Gary Bailey

Hope Capital extends availability of its lowest ever bridging interest rate

Hope Capital has extended the availability of its lowest bridging interest rate following its busiest ever month.

The specialist lender experienced an 83% increase in enquires in June, as well as a 263% increase in appointments.

Rates were lowered to just 0.69% per month on loans up to £5m across its bridging range and this offer will now be available throughout July and possibly even longer.

Hope Capital has also introduced a new pricing matrix — which applies to residential, retail, commercial, semi-commercial properties and land — across all its products.

It is designed to simplify how brokers see the different LTVs and rates that the specialist lender will work to.

“With such a significant uplift in business we now have the infrastructure in place to ensure that we can cope with a considerable uplift in volume; Hope Capital can continue to upscale, while maintaining some of the best service and turnaround times available in the UK — even when looking at complex projects outside of the norm,” said Gary Bailey, managing director at Hope Capital (pictured above).

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